FNV vs. WPM: Franco-Nevada vs. Wheaton Precious Metals Stock Comparison
How do Franco-Nevada (FNV) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Franco-Nevada (FNV) and Wheaton Precious Metals (WPM) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.
| Profile Item | FNV | WPM |
|---|---|---|
| Name | Franco-Nevada Corporation | Wheaton Precious Metals Corp. |
| Country/Region | Canada | Canada |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Gold | Gold |
| Market Capitalization | 49.17 billion USD | 61.91 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | December 7, 2007 | July 6, 2005 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FNV | WPM |
|---|---|---|
| Total Return (1Y) | 37.48% | 45.35% |
| Total Return (3Y, Annualized) | 30.93% | 50.60% |
| Total Return (5Y, Annualized) | 13.51% | 29.06% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FNV | WPM |
|---|---|---|
| Volatility (1Y, Annualized) | 39.71% | 52.11% |
| Beta (5Y) | 0.28 | 0.49 |
| Max Drawdown (5Y) | -37.12% | -43.29% |
| Avg. Volume (3M) | 716.56K | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FNV | WPM |
|---|---|---|
| Sharpe Ratio (1Y) | 0.84 | 0.79 |
| Sortino Ratio (1Y) | 1.19 | 1.14 |
Profitability
ROE (TTM)
Both Franco-Nevada (FNV) at 19.91% and Wheaton Precious Metals (WPM) at 23.10% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
FNV
Materials industry group
19.91%
- Max
- 52.88%
- FNV
- 19.91%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
WPM
Materials industry group
23.10%
- Max
- 52.88%
- WPM
- 23.10%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Both Franco-Nevada (FNV) at 64.23% and Wheaton Precious Metals (WPM) at 60.39% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.
FNV
Materials industry group
64.23%
- FNV
- 64.23%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
WPM
Materials industry group
60.39%
- WPM
- 60.39%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Franco-Nevada (FNV) at 76.98% shows unusually strong operating efficiency — above its industry’s operating margin range — and Wheaton Precious Metals (WPM) at 66.70% also operates in the top quartile.
FNV
Materials industry group
76.98%
- FNV
- 76.98%
- Max
- 66.70%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
WPM
Materials industry group
66.70%
- WPM
- 66.70%
- Max
- 66.70%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | FNV | WPM |
|---|---|---|
| ROE (TTM) | 19.91% | 23.10% |
| ROA (TTM) | 13.74% | 15.22% |
| Net Margin (TTM) | 64.23% | 60.39% |
| Operating Margin (TTM) | 76.98% | 66.70% |
| Gross Margin (TTM) | 92.09% | 86.61% |
Growth
Revenue Growth
Both Franco-Nevada (FNV) at 63.69% and Wheaton Precious Metals (WPM) at 80.18% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while Franco-Nevada (FNV) at 100.70% is closer to the peer norm — faster per-share earnings growth for WPM.
Growth Metrics
| Metric | FNV | WPM |
|---|---|---|
| Revenue Growth (YoY) | 63.69% | 80.18% |
| Revenue Growth (3Y CAGR) | 11.48% | 29.53% |
| EPS Growth (YoY) | 100.70% | 177.85% |
| EPS Growth (3Y CAGR) | 16.42% | 29.83% |
Financial Strength
Current Ratio (MRQ)
Franco-Nevada (FNV) at 9.38 carries current ratio above its industry’s typical mid-range, while Wheaton Precious Metals (WPM) at 0.57 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
FNV
Materials industry group
9.38
- FNV
- 9.38
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
WPM
Materials industry group
0.57
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- WPM
- 0.57
- Min
- 0.16
Debt / Equity (MRQ)
Only one side’s leverage can be read here: Wheaton Precious Metals (WPM) carries debt-to-equity ratio of 0.16 against its industry range, while Franco-Nevada (FNV) reports no figure this period.
FNV
Materials industry group
--
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
- FNV
- --
WPM
Materials industry group
0.16
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- WPM
- 0.16
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | FNV | WPM |
|---|---|---|
| Current Ratio (MRQ) | 9.38 | 0.57 |
| Debt / Equity (MRQ) | -- | 0.16 |
| Net Debt / EBITDA | -0.49 | 0.50 |
Dividends
Dividend Yield (TTM)
Both Franco-Nevada (FNV) at 0.65% and Wheaton Precious Metals (WPM) at 0.57% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
FNV
Materials industry group
0.65%
- Max
- 4.52%
- Q3
- 1.85%
- FNV
- 0.65%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
0.57%
- Max
- 4.52%
- Q3
- 1.85%
- WPM
- 0.57%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Franco-Nevada (FNV) at 21.44% and Wheaton Precious Metals (WPM) at 16.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
FNV
Materials industry group
21.44%
- Max
- 83.62%
- Q3
- 41.37%
- FNV
- 21.44%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
16.29%
- Max
- 83.62%
- Q3
- 41.37%
- WPM
- 16.29%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FNV | WPM |
|---|---|---|
| Dividend Yield (TTM) | 0.65% | 0.57% |
| Dividend Payout Ratio (TTM) | 21.44% | 16.29% |
Valuation
P/E Ratio (TTM)
Wheaton Precious Metals (WPM) at 29.63 is near its industry’s usual P/E ratio, while Franco-Nevada (FNV) at 33.33 sits in the richer quartile — FNV needs stronger growth or earnings quality to justify the premium.
FNV
Materials industry group
33.33
- Max
- 59.00
- FNV
- 33.33
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
WPM
Materials industry group
29.63
- Max
- 59.00
- Q3
- 32.93
- WPM
- 29.63
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Franco-Nevada (FNV) at 21.37 and Wheaton Precious Metals (WPM) at 17.86 — each P/S ratio clears its industry’s benchmark range.
FNV
Materials industry group
21.37
- FNV
- 21.37
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
WPM
Materials industry group
17.86
- WPM
- 17.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Both Franco-Nevada (FNV) at 5.97 and Wheaton Precious Metals (WPM) at 6.17 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
FNV
Materials industry group
5.97
- Max
- 6.59
- FNV
- 5.97
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
WPM
Materials industry group
6.17
- Max
- 6.59
- WPM
- 6.17
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | FNV | WPM |
|---|---|---|
| P/E Ratio (TTM) | 33.33 | 29.63 |
| P/S Ratio (TTM) | 21.37 | 17.86 |
| P/B Ratio (MRQ) | 5.97 | 6.17 |
| Free Cash Flow Yield (TTM) | 0.96% | -5.11% |